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(c) Licensee hereby acknowledges that title to the Property is vested in Licensor and agrees <br />never to assail or resist the same, and further agrees that Licensee's use and occupancy <br />of License Area shall be referable solely to the permission herein given. <br />(d) As a covenant <br />to this Agreement, Licensee <br />shall adhere to and <br />comply with all <br />responsibilities <br />herein. <br />enumerated in RFP <br />attached hereto <br />and incorporated <br />Section 1.02 Term <br />(a) The term of the Agreement for the License Area (renn) shall be for ONE (1) year(s) <br />commencing on ("Commencement Date'). <br />(optional) At the Licensor's sole discretion, Licensee may be granted extension of this <br />Agreement, for TWO (2) additional terms ("Renewal Tam') of ONE (1) year each. <br />Each Renewal Tenn shall be on the same tams and conditions set forth herein. The <br />Term of the Agreement shall not automatically be extended for each successive <br />Renewal Tam. This Agreement shall be irrevocable during its stated term, except as <br />otherwise specifically set forth in this Agreement. <br />(b) The Licensee or Licensor must inform each other, in writing, of its interest not to extend <br />the tam of the Agreement. Licensor may terminate this Agreement, at well, upon <br />fitieem days (15) written notice if there is a violation of any of the terms contained <br />herein. <br />Section 1.03 Compensation/Com"deratioo <br />(a) upon the Commencement Date, Licensee shall pay to Licensor the amour <br />("Compensation') for we of the License Area Said amount is <br />made up of $ as license fee with an additional $ fee. <br />Compensation will be due upon . A late charge of ten percent <br />(101A) shalt be applied after any payment hereunder is due but unpaid. in addition, one <br />and a half percent (1 %Z %) interest per month shall be added for each month that <br />payment hereunder is due but unpaid. <br />Section UN Seer Deposit <br />::"111 <br />..9.,H 3.111. <br />Y, E1 �I11: 11 YI ,.11 f 1'1 / IU L iw.112, 1 1 .1 .:LI 1 Y1'1 t11.Li 1 }IK� =- 3) 1 1 • 11 x111 <br />,1 tl ibO.Fl 1 .'1 +1i P /nv 11 N � 39 dl I 9L hllll ' 11," }H 1 ' 1 Yiirt� 1 1 i-. 1' 11 <br />1 � wll 11 1 "1 Y w`\y 1 Y\ 1311 rl / 1 \ x.911 .11.1 Y1.111 1.11: 1 Iln 'J I! ..11 /1 iM1:1 1'i11�1 <br />1 � 1 U111.v1 1, Yi1N'i' q 1 .1111 1116 GI R .1 11 1; 1':1 i !1 11: 1 11 11 11.� <br />20 <br />